Avoid Any Policy with ‘Aviation Exclusion’ Rider – If you want life insurance to cover you should you have a fatal piloting accident, then you want to make sure this rider isn’t a part of the policy. These policies are cheaper but may defeat the purpose of why you want life insurance in the first place.
Some companies which offer life insurance to pilots will only do so if there is an Aviation Exclusion rider which means they will not pay a claim if your were to die while piloting a plane.
Types of Life Insurance Policies Available to Pilots
Pilots can choose either of the two types of life insurance policies which are available to everyone else. These consist of term life insurance and permanent insurance.
Term Insurance – This is the most affordable form of life insurance available. This type of policy pays death benefits only. You can choose the amount of death benefits and the length of the term you want to buy such as 10, 15, 20, or 30 years, or opt for a policy which is age specific such as 65 for example. The premiums are fixed for the length of the term.
Permanent Insurance – These polices come in the form of whole life, universal life and variable life. These policies are more expensive than term policies because they have a cash value accumulation feature which is a savings/investment component. It would take too long to explain the differences so I would suggest you give me a call if this is the type of policy you are looking to buy.
Where Can Pilots Find Affordable Life Insurance?
You always want to talk to an independent agent like myself. We can access and research dozens of companies so you are assured we will find the best pilot life insurance policy at the most affordable rates.
Whatever your needs or questions then please call me direct at 877 – 966 – 9383.